DRW Securities LLC bought a new stake in Nordstrom, Inc. (NYSE:JWN - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 16,746 shares of the specialty retailer's stock, valued at approximately $404,000.
Several other institutional investors have also recently made changes to their positions in the business. Retirement Systems of Alabama raised its position in Nordstrom by 0.4% during the fourth quarter. Retirement Systems of Alabama now owns 117,801 shares of the specialty retailer's stock worth $2,845,000 after acquiring an additional 512 shares during the period. Freestone Capital Holdings LLC lifted its position in Nordstrom by 3.0% in the fourth quarter. Freestone Capital Holdings LLC now owns 19,252 shares of the specialty retailer's stock valued at $465,000 after buying an additional 558 shares during the last quarter. Amalgamated Bank raised its position in Nordstrom by 1.4% in the fourth quarter. Amalgamated Bank now owns 45,083 shares of the specialty retailer's stock valued at $1,089,000 after purchasing an additional 617 shares during the period. Janney Montgomery Scott LLC grew its position in Nordstrom by 1.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 55,956 shares of the specialty retailer's stock valued at $1,351,000 after acquiring an additional 640 shares in the last quarter. Finally, Wedmont Private Capital increased its stake in Nordstrom by 6.7% during the 4th quarter. Wedmont Private Capital now owns 11,589 shares of the specialty retailer's stock worth $278,000 after buying an additional 723 shares during the period. Hedge funds and other institutional investors own 88.73% of the company's stock.
Nordstrom Stock Performance
Shares of JWN traded down $0.02 during trading hours on Wednesday, reaching $24.02. 737,197 shares of the company traded hands, compared to its average volume of 2,968,811. Nordstrom, Inc. has a 1-year low of $17.63 and a 1-year high of $24.99. The stock has a market cap of $4.02 billion, a P/E ratio of 15.30 and a beta of 2.31. The stock's fifty day moving average is $24.19 and its 200 day moving average is $23.68. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.35 and a current ratio of 1.14.
Nordstrom (NYSE:JWN - Get Free Report) last announced its quarterly earnings results on Tuesday, March 4th. The specialty retailer reported $1.10 earnings per share for the quarter, beating analysts' consensus estimates of $0.90 by $0.20. Nordstrom had a negative return on equity of 18.04% and a negative net margin of 1.57%. The firm had revenue of $4.32 billion for the quarter, compared to analysts' expectations of $4.32 billion. Equities research analysts anticipate that Nordstrom, Inc. will post 1.97 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
JWN has been the subject of several recent analyst reports. Argus downgraded shares of Nordstrom from a "buy" rating to a "sell" rating in a research report on Monday, December 30th. Evercore ISI lifted their price objective on Nordstrom from $22.00 to $24.00 and gave the company an "in-line" rating in a report on Monday, January 13th. Citigroup reiterated a "sell" rating and issued a $22.00 price objective (down previously from $25.00) on shares of Nordstrom in a research note on Friday, April 4th. Barclays raised their price target on Nordstrom from $23.00 to $24.00 and gave the company an "equal weight" rating in a research report on Thursday, January 16th. Finally, StockNews.com initiated coverage on Nordstrom in a research note on Wednesday. They issued a "buy" rating on the stock. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $22.80.
Get Our Latest Analysis on JWN
About Nordstrom
(
Free Report)
Nordstrom, Inc, a fashion retailer, provides apparels, shoes, beauty, accessories, and home goods for women, men, young adults, and children. It offers a range of brand-name and private-label merchandise through various channels, such as Nordstrom branded stores and online at Nordstrom.com; Nordstrom.ca; Nordstrom stores; Nordstrom Rack stores; Nordstrom Locals; ASOS; Nordstromrack.com; mobile application; and clearance stores under the Last Chance name.
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